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15 July
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Wall Street falls amid increasing inflation and rising worries of a recession
On Friday the US stock markets fell. Market participants continued to fear inflation.
17 October 2022
McDonalds announces dividend increase of 10%
McDonald's board announced the growth of its quarterly dividend to $1.52 per common stock. The payment date is Dec. 15, 2022. They are payable to shareholders of record at the close of business on December 1, 2022.
17 October 2022
Fed’s Bullard: dollar may weaken soon
The Fed's rapid interest rate hike has helped strengthen the dollar against other currencies, but that positive effect could wane once the U.S. central bank pauses rate hikes, said James Bullard, president of the St. Louis Fed.
17 October 2022
Bank of Japan official: Yen swings too fast and one-sided
Deputy head of the Bank of Japan Masazumi Wakatabe gave an opinion that the recent swings of the national currency were one-sided and quite fast.
17 October 2022
Central Bank of China supports liquidity and leaves rate unchanged
The People's Bank of China (PBOC) has kept its one-year medium-term lending (MLF) rate at 2.75%.
17 October 2022
Goldman Sachs predicts aggravating UK recession in 2023
As an updated analysis by Goldman Sachs says, Great Britain is likely to enter a deeper recession next year. Inflation, along with interest rates, would be below market expectations.
17 October 2022
Banks’ profits fall, but high consumer spending softens the blow
Major banks are preparing for a slowdown in economic growth, but have not yet noticed any serious signs of problems, as consumer spending remains strong.
17 October 2022
Microsoft will abandon the Office brand
The Microsoft company will abandon the Office brand, renaming it to “Microsoft 365”. The regular set of apps, such as Word, Excel, Powerpoint, which previously Microsoft Office was consisted of, will remain unchanged.
17 October 2022
JPMorgan earnings beat estimates of analysts
On Friday, JPMorgan Chase & Co. posted a decline in third-quarter profit. Nevertheless, the bank's earnings beat estimates of analysts. The increase in interest income made it easier to cope with higher loan loss provisions and reduced appetite for new deals.
17 October 2022
Wells Fargo profits fall as costs rise
Wells Fargo & Co. reported a 31% drop in third-quarter profit last Friday, due to rising costs at the bank because of the fake-accounts scandal and an increase in provisions for possible loan losses in preparation for a potential economic downturn.
17 October 2022
